COLUMBUS, Ga. (AP) _ Total System Services Inc. (TSS) on Tuesday reported first-quarter net income of $161.6 million.
On a per-share basis, the Columbus, Georgia-based company said it had profit of 90 cents. Earnings, adjusted for one-time gains and costs, were $1.20 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The electronic payment services provider posted revenue of $1.03 billion in the period. Its adjusted revenue was $980.3 million, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $997.4 million.
Total System expects full-year earnings in the range of $4.75 to $4.90 per share, with revenue in the range of $3.99 billion to $4.09 billion.
Total System shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. In the final minutes of trading on Tuesday, shares hit $102.24, a rise of 18 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSS at https://www.zacks.com/ap/TSS